Insider Selling: Commonwealth Bank of Australia (ASX:CBA) Insider Sells 19,220 Shares of Stock

Commonwealth Bank of Australia (ASX:CBA) insider Matthew Comyn sold 19,220 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of A$134.53 ($90.90), for a total transaction of A$2,585,705.04 ($1,747,098.00).

Commonwealth Bank of Australia Stock Performance

Commonwealth Bank of Australia Increases Dividend

The firm also recently declared a Final dividend, which will be paid on Thursday, September 26th. Shareholders of record on Thursday, September 26th will be paid a $2.50 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This is a positive change from Commonwealth Bank of Australia’s previous Final dividend of $2.40. This represents a yield of 1.85%. Commonwealth Bank of Australia’s payout ratio is 82.74%.

Commonwealth Bank of Australia Company Profile

Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally. It operates through Retail Banking Services, Business Banking, Institutional Banking and Markets, and New Zealand segments. The company offers transaction, savings, and foreign currency accounts; term deposits; personal and business loans; overdrafts; equipment finance; credit cards; international payment and trade; and private banking services, as well as home and car loans.